Dubai - Mubasher: SHUAA Capital on Sunday reported turning a profit in the third quarter of 2017 with around AED 23 million, against a net loss of AED 35 million for the same period last year.
The third quarter witnessed a series of milestones by SHUAA’s various divisions, including a planned expansion of its securities brokerage business to include the Egyptian market with an active office in Cairo being launched in Q4-17.
In the first nine months of the year, net profits stood at AED 60 million, versus net losses of AED 114 million in the corresponding period in 2016, beating every previous year’s annual earnings since 2007, SHUAA revealed in a statement to the Dubai Financial Market (DFM).
